Semi-weekly south Kentuckian. [volume] (Hopkinsville, Ky.) 1883-1889, 1887-08-19
THE 0. v. PROPOSITION.
TO be Voted on In the Hopkins
vile Magisterial District
August 20.

CHRISTIAN Co., CouRT, July Is, 1887.
In re of subscriptionto)
the Ohio Valley Rail
way Co., by Hopkins ORDER.
vile Magisterial Dis
trict.
The Ohio Valley Railway Compa-
ny, formally appeared by its attorney,
j. +. Clay, and filed its petition which
reads in words aud figures as follows,
to-wit:
To THE COUNTY CoURT OF CHRISTIAN
| COUNTY. KENTUCKY:
The Ohio Valley. Railway Compa-
NY, formerly the South Kentucky
Railroad Company, chartered by an
act of the General Assembly of the
Commonwealth OF. Kentucky, ap-
proved 18th day of March 1871, and
the several amendments thereto, by
order Of its Board of Directors, re-
spectfully requests your honorable
Court 10 submit 10 the analified vo-
ters of what Is known as the Hop
kinsville Magisterial District Of
Christian County, Kentucky, or Civil
District No. at an election TO be held
under and In accordance with the
act Of its Incorporation, on q day to
be designated by this Court, not more
than sixty (60) days nor less than
thirty (30) days from the date that
said election is ordered, the question
whether or not the said District shall
subscribe one thousand (l,000) shares
Of one hundred ($l00) dollars each TO
the capital stock of the Ohio Valley
Railway Company, on the following
terms and conditions tO-wit:
Condition first: That no part ofthe
amount for said stock shall be due or
payable until acontinuousl line Of rail-
way, of standard guage, shall be
constructed by said Ohio Valley
Railway Company, from the town OF
Princeton, Kentucky, TO the limits OF
the city Of lIopkinsYille, Kentucky,
nor until train OF cars shall be run
over said railway, nor unless said
railway Is constructed on or before
the lst day of January 1889, provided,
however, that If the Ohio Valley
Railway Company shall, In good |
faith, and within reasonable time |
after favorable vote on this propo-
sition, begin the construction of its
road and be prevented by stress of |
weather or any extraordinary hap |
pening, from constructing the road |
within the time aforesaid, then the |
subscription shall not be, therefore,
on that account void, but reasona-
BILE time shall be extended in such an |
event beyond the date named, for the |
construction of said road as afore-
said:
Condition second: That the Ohio |
Valley Railway Company shall un-
dertake and bind itself, ON the pay
ment of the money for said Stock, or |
on the delivery of the bonds as here |
in after recited. to refund TO the Hop |
kinsville Dristrict the amount so
paid on the face value Of the bonds |
delivered in payment Of its subscrip-
tion, in the event the Louisville Il
Nashville railroad Co. or any success
sor thereof shall obtain the possession
and ownership OF said Ohio Valley
Railway Company, within twenty
years from this date, provided, how
ever, that II the stock of the Hopkins
willie District shall be voted or used |
for the purpose of enabling said Lou
isville 4 Nashville Railroad CompR-
NY to obtain the possession and own
ership of said Ohio Valley Railway |
Company, then this obligation on the |
part of the said Ohio Valley Railway |
Company shall cease and determine.
Condition third In the event
favorable vote is had on this propo-
sitiou, the stock is subscribed and
paid for, the Ohio Valley Railway
Company hereby agrees and binds
itself TO give as favorable rates, in
proportion to the distance. to the peo-
pie and shippers of the Hopkinsville
District as 1t may give to any other
point on its line between its termini
and not to make or permit to be made
any unjust discrimination in the mat
ter of freights or passage against the
people of or shippers of said Hopkins
Vile District
Condition fourth. That in pay
ment of the stock subscribed by said
district, it shall issue and deposit
with three trustees 10 be named in
the order submitting this proposition
bonds Of said district for the sum of
one hundred thousand ($l00,00000)
dollars, with coupons attached for
the interest, TO be made payable TO
said Ohio Valley Railroad Company
or bearer, due and payable twenty
years after the date of their Usual.
with the option on the part of the
district to redeem the same at any
time after 5 years from their date,
bearing interest at the rate of SIX per
cent per annum, payable semi-an-
nually, both principle and interest
payable at the banking house of
Latham, Alexander q Co., in the City
of New York. Said bonds to be in
denominations of not more than one
thousand dollars, nor less than one
hundred dollars each, which SAID
bonds shall be held by the trustees,
to be hereafter named in the order of
the Court, in trust to be delivered and
shall be by them delivered TO the said
Ohio Valley Railway Company, when
said railway shalf have been con-
structed as mentioned in condition
one of this proposition, and train of
cars run thereon, and within the time
therein provided, provided, however,
that any coupons falling due for in
terest on said bonds before the con-
struotion of said road TO Hopkins
Vile as aforesaid, shall be by said
trustees detached, marked cancelled
and returned to the County Court OF
Christian county.
Condition fifth: In lieu of the de-
livery of the bonds as aforesaid to'the
Ohio Valley Railway Company, the
Hopkinsville district, through the